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April 28 , 2021 SiriusXM SiriusXM Reports First Quarter 2021 Results - First Quarter Revenue of $ 2.06 Billion ; an Increase of 5 % From Prior Year Period - First Quarter Net Income of $ 219 Million ; Diluted EPS of $ 0.05 , or $ 0.07 , Excluding One - Time Items - Adjusted EBITDA of $ 682 Million in the First Quarter , Up 7 % From Prior Year Period - SiriusXM Self - Pay Net Subscriber Additions of 126,000 , an Increase of 83 % Year - Over - Year - SiriusXM Reiterates 2021 Financial and Subscriber Guidance NEW YORK , April 28 , 2021 / PRNewswire / -- SiriusXM today announced first quarter 2021 operating and financial results , including revenue of $ 2.06 billion , an increase of 5 % compared to the prior year period . The company recorded net income of $ 219 million in the first quarter of 2021 , compared to $ 293 million in the prior year period . First quarter 2021 net income included a $ 220 million non - cash impairment charge related to the failure of the company's SXM - 7 satellite , not reflecting any potential insurance recoveries , a $ 25 million charge related to the surrender of certain office space , and a $ 95 million benefit associated with a state tax audit settlement . Net income per diluted common share was $ 0.05 in the first quarter 2021 , compared to $ 0.07 in the prior year period . Diluted EPS was $ 0.07 in the first quarter excluding the impact of the two impairments and the tax audit settlement mentioned above . ( ( ( Siriusxm ) ) ) Adjusted EBITDA in the first quarter was $ 682 million , up 7 % from $ 639 million in the prior year period . " I am pleased to announce SiriusXM has started the year impressively – we added 126,000 self - pay net subscribers , an 83 % increase as compared to the period a year ago , saw a first quarter record - low churn rate of 1.6 % , and are reporting a new record - high quarterly adjusted EBITDA figure . These strong results reflect the value we bring to our listeners through the breadth and depth of our content . Our advertising revenue grew 24 % , driven by robust monetization of both on- and off - platform opportunities , as well as the growing